Marathon Gold Corp MGDPF

Primary Symbol: T.MOZ

Metals & Mining Gold

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.

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Marathon Gold Corp > MOZ and IAU Friday Evening Ruminations

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Comment by Angelique01on May 28, 2022 2:09pm

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Post# 34714612

RE:RE:MOZ and IAU Friday Evening Ruminations

Current fed rate is .75% to 1.0%
Had the half percenatge point increase in May.
Fully expect another half percentage point in June
followed by another half percentage point in July
then they reassess. followed by .25 basis point increases remaining 3 meetings.
Get us back to Dec 2018 levels when we had 2.25% to 2.5%. Precovid levels. In 2023 expect fed rate to be 3%.

In terms of inflation Canada at 6.8% in April highlest level since 1991 and in the US inflation at 8.3% 4 times higher than target level of 2%.

Will gold ever reach $3000. Absolutley. In this year? Absolutely not. Can barely hold $1850 now. What happens in June and July when rates go up. Why are gold stocks getting absolutely decimated right now? In anticipation of gold coming down.

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Advancing flagship Ishkõday Gold Project in Ontario